Irish sports technology and analytics company Kitman Labs has raised $52 million (€45 million) in a funding round led by Guggenheim Investments.
This latest investment brings the company's total outside funding to $82m.
With elite sports leagues and teams collecting record amounts of player data from wearables and tracking systems, Kitman Labs has created an operating system for sport that enables organisations to consolidate and transform that data.
Founded in 2012, the company aims to change how the sports industry uses data to achieve on and off-field success.
"We are empowering teams to move quickly into the new paradigm for sports performance and talent strategy, characterised by bringing together data, people and processes," said Stephen Smith, founder and CEO, Kitman Labs.
"Our fully-scalable operating system for sport bridges the gap between legacy software, trackers and wearables, consolidating them into one centralised platform that creates real-time insights that improve performance on and off the field," he added.
Over 700 elite teams across the NFL, NHL, MLB, NCAA, English Premier League, La Liga, Serie A Bundesliga, Pro14, Premiership Rugby, and Japan's Top League use the company's technology.
Rory Twomey, Vice President at Guggenheim Investments said they are happy to help Kitman Labs in its mission to become the "must-have" operating system in the sports industry.
"Given their customer growth in the last year, it's clear the market demand for this new way of operating is accelerating and we have confidence in Kitman Labs' vision and the unique ability of the team to innovate and capitalize on the significant opportunity ahead of them," he said.
